Multi-Tenant Office
For Sale
$379,000
5-4131 University Blvd S, Jacksonville, FL 32211
Commercial space within an established complex with on-site parking and access to Beach Boulevard and I-95.
Property Size1,840 SF
Price / SF$205.98
Days on Market153
Property Features for 5-4131 University Blvd S
General Information
Standard status
Active
Size
1,840 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,143
Building Details
Tenancy
Multi
Listing Agency:
NEXTHOME ENDLESS SUMMER
(904) 294-3739
Listed By:
ANDREW BELL · License #3618738,PersonLicenseNumber
(904) 294-3739
Source:
Exprealty
Added: Apr 2
Changed: Aug 29
Last Checked: Aug 30 at 11:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NEXTHOME ENDLESS SUMMER
Investment Insights
Based on property information with market context.
This commercial office unit occupies space within a multi-tenant complex at 4131 University Blvd S #5 in Jacksonville. The property size is listed as 1,840, and the unit includes on-site parking for occupants and visitors.
Access extends to Beach Blvd (US-90) and I-95, placing the property within Jacksonville’s University Boulevard South corridor. The surrounding area includes neighboring businesses and nearby residential communities. The unit is identified as suitable for professional office, medical or wellness, retail, and specialty service uses.
Access extends to Beach Blvd (US-90) and I-95, placing the property within Jacksonville’s University Boulevard South corridor. The surrounding area includes neighboring businesses and nearby residential communities. The unit is identified as suitable for professional office, medical or wellness, retail, and specialty service uses.
Key Highlights
- 1,840 property size
- Located at 4131 University Blvd S #5 in Jacksonville
- Positioned within a multi‑tenant commercial complex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,260
$529.3K
Cap Rate 7%
$378,043
$378.0K
Cap Rate 9%
$294,033
$294.0K
Market Conditions
NOI Build-Up for 1,840 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.2K $24.00/SF
− Vacancy
−$8.9K −$4.82/SF
EGI
$35.3K $19.18/SF
− OpEx
−$8.8K −$4.79/SF
NOI
$26.5K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,260
Cap Rate 7%
$378,043
Cap Rate 9%
$294,033
Alternative Uses
Best Use
Office B
$378.0K
$330.8K – $441.1K
NOI $26,463 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial space within an established complex with on-site parking and access to Beach Boulevard and I-95.
Where is this office units located?
The property is located at 5-4131 University Blvd S Jacksonville, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,840 property size; Located at 4131 University Blvd S #5 in Jacksonville; Positioned within a multi‑tenant commercial complex
